News ID: 277201
Published: 0302 GMT November 23, 2020

Iran’s eight-month non-oil trade surpasses $44b

Iran’s eight-month non-oil trade surpasses $44b

The value of Iran’s non-oil trade during the first eight months of the current Iranian year (March 20-November 20) reached $44.6 billion, announced the head of the Islamic Republic of Iran Customs Administration (IRICA).

Mehdi Mir-Ashrafi added that during the eight months, Iran exported $21.5 billion worth of goods, while it imported $23.1 billion, reported.

The total weight of traded commodities was about 97.7 million tons, of which over 75 million tons were related to exports and about 21.8 million tons were imported goods.

According to Mir-Ashrafi, the imports in the said period declined one percent and 18 percent in terms of weight and value, respectively.

The exports also experienced a fall of 14 percent and 19 percent in terms of weight and value, respectively.

Noting that the descending trend of the country’s foreign trade was ending, and that trade was getting back to normal, the official said, “As we announced in previous months, fortunately, the downward trend of our country’s exports is approaching normal conditions month by month.”

Iran’s top five non-oil export destinations during this period were Iraq with over $5.3 billion worth of exports, China with the same amount, the United Arab Emirates (UAE) with over $2.7 billion, and Turkey with $1.6 billion and Afghanistan with $1.5 billion.

According to the IRICA head, the top five exporters to Iran during this period were China with $6 billion, the UAE with $5.4 billion, Turkey with $2.6 billion, India with $1.4 billion, and Germany with $1.1 billion worth of imports.

Most of the imported goods in the mentioned time period were basic goods or raw materials, Mir-Ashrafi stressed.

Also, in the said period, 4.47 million tons of goods were transported through Iran to the neighboring countries, showing a decrease of 15 percent compared to the same period last year.


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